First Time Landlording
I'm getting much closer to searching for my first property and believe I will be able to find a property in the Denver/Aurora area with 3rooms and 2-3 bath for under 200k. I want to rent the other 2rooms (approx $600 each) out as quick as possible and legally. I'm now trying to get a handle on what major factors i need to make sure to include.
1. How much is typical for a security deposit? One month rent correct?
2. I'll need an attorney but not sure what kind or where to look. Thoughts?
3. Tenant Application background check? SmartMove seems like the best option agreed?
4. Tenant lease contracts? Should I get one from a attorney or online ok usually? I'd like to start month-to-month but maybe 6-month or more would be better, thoughts?
This would be my very first property and I'm anxious to get the ball rolling but want to make sure I'm not going in super naive so any idea/thoughts are welcome!
Thanks!
Austin C.